“AI machines — in quite a literal sense — appear to be saving the US economy right now,” Deutsche Bank head of FX Research George Saravelos wrote to clients. “In the absence of tech-related spending, the US would be close to, or in, recession this year.”

Others remain more optimistic, with Goldman Sachs arguing that productivity gains thanks to AI adoption could ultimately boost the economy, according to a note to clients seen by Fortune.

It's still a bet.

Concerns are more solid with https://futurism.com/ai-agents-failing-companies and https://hbr.org/2025/09/ai-generated-workslop-is-destroying-productivity

and concentration in the S&P 500 and equity investors https://www.apolloacademy.com/equity-investors-are-dramatically-over-exposed-to-ai/